PowerSecure International, Inc. (Nasdaq:POWR) announced that it completed the sale of its Southern Flow subsidiary to Zedi, Inc., on Friday, January 14, 2011. Pursuant to the terms of the December 30, 2010 Purchase and Sale Agreement, Zedi, Inc. a Canadian corporation, through its wholly-owned subsidiary, purchased 100% of the stock of Southern Flow Companies, Inc. The Company received cash proceeds of $16.515 million, consisting of a base purchase price of $15.550 million, and $0.965 million for additional Southern Flow working capital conveyed in the transaction.
PowerSecure International, Inc. is a leading provider of Energy and Smart Grid Solutions to electric utilities, and their commercial, institutional, and industrial customers, as well as Energy Services to the oil and natural gas industry
Orofino Gold Corp. (PINK:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. The early adopters, who wisely purchased their positions before the masses come, will sleep well at night while others fret and worry as they watch the purchasing power of their savings evaporate like water in the desert. Gold offers a safe way to hedge against these falling fait currencies (backed by faith and nothing else). But for a little more leverage and a lot more profit potential invest in a junior gold stock. Gold is the most malleable and ductile of all metals; a single gram can be beaten into a sheet of 1 square meter, or an ounce into 300 square feet. Gold leaf can be beaten thin enough to become translucent.
The transmitted light appears greenish blue, because gold strongly reflects yellow and red. Such semi-transparent sheets also strongly reflect infrared light, making them useful as infrared (radiant heat) shields in visors of heat-resistant suits, and in sun-visors for spacesuits. It is reasonably believed that the five plus high grade producing gold targets will produce 1+ million ounces each and with Silver and Copper credits the formulae above would be conservative. There are many industrial uses of copper, due to its high ductility, malleability, thermal conductivity and resistance to corrosion. It ranks third after iron and aluminum in the amount of quantities consumed for industrial purposes. It is alloyed with nickel and used in form of cupronicklel and monel for shipbuilding.
The Watt's steam engine firebox is made from copper due to its high heat dissipation. Copper in liquid form is used as a wood preservative. It helps in restoration of original structures that are damaged due to dry rot. It is the main component of coins for many countries. The European Union, United States, United Kingdom, Australia and New Zealand use coins containing copper. Orofino Gold Corp. is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.
CE Franklin Ltd. (Nasdaq:CFK) will release its earnings report for the Fourth Quarter Ended December 31, 2010, through CNW Group, on Wednesday, February 2, 2011 after the close of the markets. It will also be posted on the Company's website at http://www.cefranklin.com. The Company will then host its financial analyst conference call on Thursday, February 3, 2011 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) to discuss its earnings report for the Fourth Quarter Ended December 31, 2010.
For more than half a century, CE Franklin has been a leading supplier of products and services to the energy industry. CE Franklin distributes pipe, valves, flanges, fittings, production equipment, tubular products and other general oilfield supplies to oil and gas producers in Canada as well as to the oilsands, refining, heavy oil, petrochemical, forestry and mining industries.
Rediff.com India Ltd. (Nasdaq:REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the Third Quarter ended December 31, 2010 at 8.00 am ET (5:00 am Pacific Time / 6:30 pm India Time) on Tuesday, January 25, 2011.
Rediff.com India Limited provides online Internet based services with a focus on India and the global Indian community. Rediff.com India Limited was founded in 1996 and is headquartered in Mumbai, India.
American Video Teleconferencing Corp. (PINK:AVOT) is pleased to announce that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. Rare-earth minerals consist of terbium, which is used in flat-panel TVs and high-efficiency fluorescent lamps; and neodymium, key to the permanent magnets in high-efficiency electric motors. Rare-earth materials are not all that unusual. The series of nonferrous metals frequently occurs in the environment. According to Design Chain Associates, the majority of rare-earth materials are as common as copper, and even the rarest, is more common than gold.
Part of the market pressure on rare-earth minerals arises from new demand that green technologies has prompted. Industry, including electric- and hybrid-vehicle motors and wind turbines, requires magnets. The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City. China has started to drastically reduce the exports of rare-earth materials, which frequently are used in green technology designs, including hybrid vehicles and energy-efficient lighting, as well as in the healthcare, defense, and consumer markets.
The nation supplies nearly 100% of the world's rare-earth materials: 17 metals which are difficult to refine and that tend to occur in the same ore deposits. The cutbacks have sent shock waves through the electronics industry and could force design changes in the near future. Constraints on Chinese exports are generating opportunities for non-Chinese projects. This property is only one of several advanced stage properties American Video has under consideration in the province of Quebec.
Thus, Québec has seen several major staking rushes over the past few years. Those include: in the Monts Otish area, following the announcement of the discovery of diamond-bearing kimberlites; in the Ungava Trough, following the announcement of a Ni-Cu-PGE discovery associated with ultramafic units to the south of the Raglan mine; and in the Réservoir Opinaca area, in the Baie-James region, following the announcement of gold mineralization in quartz veins cross-cutting sedimentary rocks.
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